Square has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash.» Read More
Barclays, one of the world's biggest commodities traders, is planning to exit large parts of its metals, agricultural and energy business in a move expected to be announced this week.
*Results from Netflix expected after the market close. *The S&P 500 had its best week since July last week, boosted by strong results from such names as General Electric Co and Morgan Stanley. However, thus far the earnings season has been mixed, with technology names like Google Inc and IBM struggling to impress investors.
LONDON/ NEW YORK, April 21- Barclays is planning to withdraw from large parts of the metals, agricultural and energy markets as part of a restructuring of its investment bank, a person familiar with the matter said.
The company spoke to Google Inc earlier this year about a possible sale, the Journal reported, adding that it wasn't clear whether the talks are continuing. Square also had informal discussions about a deal with Apple and eBay Inc's PayPal in the past, but those conversations never developed into serious talks, the Journal said.
But when it comes to China, the world's second-largest economy, the probability of a full-blown crisis is apparently so remote that hardly anyone will buy an insurance policy against it, no matter how cheap.
NEW YORK, April 18- Dozens of the largest U.S. stock exchanges, brokerages and high-frequency trading firms were hit with a class action lawsuit by the capital of the state of Rhode Island, accusing them of manipulating the U.S. securities markets.
Markets in Europe, the U.S. and many countries in Asia were closed for the holiday. On Thursday, global stocks were subdued after Google and IBM reported weak results, even though General Electric was optimistic and Goldman Sachs and Morgan Stanley beat expectations.
*U.S. economic recovery hopes invite long-money to Japan- trader. *Nikkei poised to post biggest weekly gain in 2 months. TOKYO, April 18- Japan's Nikkei share average advanced on Friday after upbeat U.S. economic data and corporate earnings bolstered investors' risk appetite.
April 17- A year ago, soon after Morgan Stanley posted disappointing quarterly earnings, Chairman and Chief Executive Officer James Gorman told board members the bank was on the right track and investors who sold shares had made a mistake. Morgan Stanley posted a 55 percent gain in first-quarter profit.
Stocks closed mostly higher Thursday as upbeat earnings news from several large U.S. companies encouraged investors. General Electric, Morgan Stanley and PepsiCo all moved higher after reporting their first-quarter financial results.
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- U.S. stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Western Union Co., down 80 cents to $15.25. Barnes& Noble Inc., down $2.23 to $16.37.
NEW YORK, April 17- The major U.S. stock indexes ended a holiday-shortened week with mostly gains on Thursday, giving the S&P 500 its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results.
NEW YORK, April 17- Morgan Stanley's big bet on wealth management is looking strong as fees, commissions and interest collected by its more than 16,000 brokers fueled a 13 percent rise in the business's first-quarter net income from a year earlier to $423 million, the company said Thursday.
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- U.S. stocks advanced slightly in choppy trading on Thursday after three days of gains, as underwhelming results from tech bellwethers Google and IBM were offset by upbeat quarterly numbers, including those from Morgan Stanley and General Electric.
LONDON, April 17- European equities finished higher on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment.
Sabre shares inched up 7 percent on its first day of trading.
Quarterly results from Morgan Stanley, Goldman Sachs and General Electric improved risk sentiment, though results from tech heavyweights Google and IBM Corp were disappointing. "When we look at the U.S. results coming out today, there was a predominantly positive beat overall," Gerhard Schwarz, head of equity strategy at Baader Bank, said.
April 17- Shares of Sabre Corp, the airline ticketing technology provider that also owns online travel agency Travelocity, rose as much as 7 percent in their market debut after the company sold fewer shares than expected in its initial public offering and priced them below the targeted range.
Morgan Stanley delivered quarterly earnings and revenue that surpassed analysts' expectations on Thursday.